PEGASUS SECURITIES SA INTERNATIONAL MARKETS DESK

PEGASUS SECURITIES SA INTERNATIONAL MARKETS DESK Government Bonds: INTERNATIONAL BOND WATCH EUROPE & US Mid Yld to Currency Issuer Coupon Maturity Moody's rtg S&P rtg ISIN Min. Piece price Maturity CRNCY ISSUER CPN MATURITY RTG_MOODY RTG_SP ID_ISIN MIN_PIECE PX_mid YLD_YTM_mid EUR BUNDESREPUB. DEUTSCHLAND 3,250 4/1/2020 Aaau NR DE0001135390 0 113,98 0,89 EUR BUNDESREPUB. DEUTSCHLAND 1,500 4/9/2022 Aaau - DE0001135499 0 99,52 1,56 GBP UK TSY 2 3/4% 2015 2,750 22/1/2015 Aa1u NR GB00B4LFZR36 0 102,71 0,40 GBP UK TSY 4 1/2% 2019 4,500 7/3/2019 Aa1u NR GB00B39R3F84 0 113,94 1,73 EUR BUONI POLIENNALI DEL TES 5,500 1/11/2022 Baa2u - IT0004848831 1000 112,53 3,87 EUR OBRIGACOES DO TESOURO 3,350 15/10/2015 Ba3 BB /*- PTOTE3OE0017 0 99,94 3,38 EUR OBRIGACOES DO TESOURO 4,750 14/6/2019 Ba3 BB /*- PTOTEMOE0027 0 97,04 5,38 EUR OBRIGACOES DO TESOURO 4,950 25/10/2023 Ba3 BB /*- PTOTEAOE0021 0 92,39 5,99 EUR IRISH TSY 4.6% 2016 4,600 18/4/2016 Ba1 BBB+ IE0006857530 0 108,47 0,99 EUR IRISH TSY 4 1/2% 2020 4,500 18/4/2020 Ba1 BBB+ IE0034074488 0 108,32 3,04 EUR BONOS Y OBLIG DEL ESTADO 4,400 31/1/2015 Baa3 BBB- ES0000012916 1000 104,17 0,82 EUR BONOS Y OBLIG DEL ESTADO 4,000 30/4/2020 Baa3 BBB- ES00000122D7 1000 104,82 3,16 EUR BONOS Y OBLIG DEL ESTADO 5,400 31/1/2023 Baa3 - ES00000123U9 1000 110,58 4,00 USD US TREASURY N/B 0,125 31/7/2014 Aaa AAA US912828TF73 100 100,00 0,13 USD US TREASURY N/B 3,625 15/2/2020 Aaa AAA US912828MP29 100 110,80 1,78 USD US TREASURY N/B 2,375 28/2/2015 Aaa AAA US912828MR84 100 102,74 0,20 CAD CANADIAN GOVERNMENT 4,250 1/6/2018 Aaa AAA CA135087YL25 1000 111,11 1,68 EUR EUROPEAN UNION 2,875 4/4/2028 Aaa AAA EU000A1G6TV9 1000 103,69 2,56 EUROPEAN INVESTMENT BANK EUR EUROPEAN INVESTMENT BANK 3,125 15/4/2014 Aaa AAA XS0408966199 1000 101,16 0,08 EUR EUROPEAN INVESTMENT BANK 4,250 15/10/2014 Aaa AAA XS0330805069 1000 103,67 0,09 EUR EUROPEAN INVESTMENT BANK 0,425 9/1/2015 Aaa AAA XS0439139998 1000 100,29 0,17 EUR EUROPEAN INVESTMENT BANK 4,250 15/4/2015 Aaa AAA XS0361975955 1000 105,72 0,11 EUR EUROPEAN INVESTMENT BANK 2,500 15/7/2015 Aaa AAA XS0495347287 1000 103,87 0,12 EUR EUROPEAN INVESTMENT BANK 3,125 15/10/2015 Aaa AAA XS0230228933 1000 105,57 0,16 EUR EUROPEAN INVESTMENT BANK 2,625 15/3/2016 Aaa AAA XS0503331323 1000 105,48 0,23 EUR EUROPEAN INVESTMENT BANK 3,500 15/4/2016 Aaa AAA XS0425743506 1000 107,68 0,26

EUR EUROPEAN INVESTMENT BANK 3,875 15/10/2016 Aaa AAA XS0272359489 1000 110,07 0,36 EUR EUROPEAN INVESTMENT BANK 0,475 27/1/2017 Aaa AAA XS0441736625 1000 100,77 0,23 EUR EUROPEAN INVESTMENT BANK 3,125 3/3/2017 Aaa AAA XS0490739686 1000 108,67 0,44 EUR EUROPEAN INVESTMENT BANK 4,750 15/10/2017 Aaa AAA XS0308505055 1000 115,84 0,61 EUR EUROPEAN INVESTMENT BANK 0,255 15/1/2018 Aaa AAA XS0484565709 1000 100,00 0,24 EUR EUROPEAN INVESTMENT BANK 5,500 15/2/2018 Aaa AAA XS0083595636 2 119,43 0,80 EUR EUROPEAN INVESTMENT BANK 2,625 15/3/2018 Aaa AAA XS0518184667 1000 107,89 0,75 EUR EUROPEAN INVESTMENT BANK 4,250 15/4/2019 Aaa AAA XS0412826579 1000 116,44 1,09 EUR EUROPEAN INVESTMENT BANK 0,399 15/1/2020 Aaa AAA XS0449594455 1000 100,31 0,34 EUR EUROPEAN INVESTMENT BANK 4,625 15/4/2020 Aaa AAA XS0196448129 1000 119,64 1,39 EUR EUROPEAN INVESTMENT BANK 2,750 15/9/2021 Aaa AAA XS0676294696 1000 106,91 1,79 EUR EUROPEAN INVESTMENT BANK 2,000 14/4/2023 Aaa AAA XS0942172296 1000 99,38 2,07 EUR EUROPEAN INVESTMENT BANK 2,750 15/9/2025 Aaa AAA XS0807336077 1000 103,41 2,41 GREECE EUR EFSF 1,000 12/3/2014 Aaa AAA EU000A1G0AG3 10 100,26 0,09 EUR EFSF 1,125 30/11/2017 Aaa AAA EU000A1G0A24 1000 101,30 0,79 EUR HELLENIC REPUBLIC 2,000 24/2/2023 - B- GR0128010676 1 65,90 8,57 EUR HELLENIC REPUBLIC 2,000 24/2/2024 - B- GR0128011682 1 62,90 8,79 EUR HELLENIC REPUBLIC 2,000 24/2/2025 - B- GR0128012698 1 60,91 8,84 EUR HELLENIC REPUBLIC 2,000 24/2/2026 - B- GR0128013704 1 58,95 8,91 EUR HELLENIC REPUBLIC 2,000 24/2/2027 - B- GR0128014710 1 57,23 8,95 EUR HELLENIC REPUBLIC 2,000 24/2/2028 - B- GR0133006198 1 55,78 8,96 EUR HELLENIC REPUBLIC 2,000 24/2/2029 - B- GR0133007204 1 54,41 8,98 EUR HELLENIC REPUBLIC 2,000 24/2/2030 - B- GR0133008210 1 53,41 8,96 EUR HELLENIC REPUBLIC 2,000 24/2/2031 - B- GR0133009226 1 52,43 8,94 EUR HELLENIC REPUBLIC 2,000 24/2/2032 - B- GR0133010232 1 51,54 8,93 EUR HELLENIC REPUBLIC 2,000 24/2/2033 - B- GR0138005716 1 50,93 8,88 EUR HELLENIC REPUBLIC 2,000 24/2/2034 - B- GR0138006722 1 50,25 8,86 EUR HELLENIC REPUBLIC 2,000 24/2/2035 - B- GR0138007738 1 49,75 8,82 EUR HELLENIC REPUBLIC 2,000 24/2/2036 - B- GR0138008744 1 49,28 8,78 EUR HELLENIC REPUBLIC 2,000 24/2/2037 - B- GR0138009759 1 48,83 8,75 EUR HELLENIC REPUBLIC 2,000 24/2/2038 - B- GR0138010765 1 48,50 8,71 EUR HELLENIC REPUBLIC 2,000 24/2/2039 - B- GR0138011771 1 48,44 8,63 EUR HELLENIC REPUBLIC 2,000 24/2/2040 - B- GR0138012787 1 48,51 8,54 EUR HELLENIC REPUBLIC 2,000 24/2/2041 - B- GR0138013793 1 48,47 8,48 EUR HELLENIC REPUBLIC 2,000 24/2/2042 - B- GR0138014809 1 48,44 8,42 EASTERN EUROPE - LOCAL CURRENCY HUF HUNGARY GOVERNMENT BOND 5,500 12/2/2016 Ba1 BB HU0000402318 10000 103,85 3,65 HUF HUNGARY GOVERNMENT BOND 6,500 24/6/2019 Ba1 BB HU0000402433 10000 106,73 5,08 PLN EUROPEAN INVESTMENT BANK 6,500 12/8/2014 Aaa AAA XS0198120734 1000 102,51 2,82 TRY EUROPEAN INVESTMENT BANK 6,750 25/7/2014 Aaa AAA XS0580494689 1000 99,29 7,71 TRY EUROPEAN INVESTMENT BANK 9,625 1/4/2015 Aaa AAA XS0215301580 1000 101,84 8,06 TRY EUROPEAN INVESTMENT BANK 7,250 25/1/2016 Aaa AAA XS0580501210 1000 98,24 8,15

TRY KFW 5,750 22/3/2018 Aaa AAA XS0907335599 1000 90,34 8,50 RUB EUROPEAN INVESTMENT BANK 6,500 30/9/2016 Aaa AAA XS0544309908 50000 100,01 6,49 RUB EUROPEAN INVESTMENT BANK 6,750 13/6/2017 Aaa AAA XS0303133564 1000 100,41 6,60 RUB RUSSIA FOREIGN BOND 7,850 10/3/2018 Baa1 BBB+ XS0564087541 5000000 103,71 6,83 RUB RUSSIA GOVT BOND - OFZ 7,600 20/7/2022 Baa1 BBB+ RU000A0JSMA2 1000 101,30 7,53 EASTERN EUROPE - HARD CURRENCY EUR HUNGARY 6,000 11/1/2019 Ba1 BB XS0625388136 1000 107,63 4,31 USD ROMANIA 6,750 7/2/2022 Baa3 BB+ US77586TAA43 2000 113,11 4,80 USD REPUBLIC OF BELARUS 8,750 3/8/2015 B3 B- XS0529394701 100000 99,72 8,92 USD REPUBLIC OF TURKEY 7,500 14/7/2017 Baa3 NR US900123BE97 100000 113,60 3,48 USD REPUBLIC OF TURKEY 5,125 25/3/2022 Baa3 NR US900123BY51 200000 100,36 5,07 USD UKRAINE GOVERNMENT 6,580 21/11/2016 Caa1 /*- B- XS0276053112 100000 89,57 10,76 USD UKRAINE GOVERNMENT 7,950 23/2/2021 Caa1 /*- B- XS0594390816 200000 89,75 9,97 AFRICA - LOCAL CURRENCY ZAR REPUBLIC OF SOUTH AFRICA 8,750 21/12/2014 Baa1 A- ZAG000019878 1 104,32 4,54 ZAR REPUBLIC OF SOUTH AFRICA 8,250 15/9/2017 Baa1 - ZAG000021833 1 104,67 6,83 ZAR REPUBLIC OF SOUTH AFRICA 7,250 15/1/2020 Baa1 A- ZAG000024738 1 99,06 7,44 ZAR REPUBLIC OF SOUTH AFRICA 10,500 21/12/2026 Baa1 A- ZAG000016320 1 118,16 8,21 AFRICA - HARD CURRENCY USD REPUBLIC OF SOUTH AFRICA 6,500 2/6/2014 Baa1 BBB US836205AJ33 2000 102,88 0,88 USD REPUBLIC OF SOUTH AFRICA 6,875 27/5/2019 Baa1 BBB US836205AM61 100000 115,23 3,78 USD REPUBLIC OF SOUTH AFRICA 5,875 30/5/2022 Baa1 BBB US836205AL88 100000 107,88 4,74 LATIN AMERICA - LOCAL CURRENCY BRL EUROPEAN BK RECON & DEV 9,000 28/4/2014 NR AAA XS0618983950 5000 99,95 8,66 BRL KFW 7,500 12/3/2015 Aaa AAA XS0754679669 5000 98,12 9,05 BRL FED REPUBLIC OF BRAZIL 12,500 5/1/2016 Baa2 BBB US105756BJ84 250000 105,25 9,67 BRL FED REPUBLIC OF BRAZIL 12,500 5/1/2022 Baa2 BBB US105756BL31 250000 114,25 9,90 MXN INTL FINANCE CORP 6,000 28/1/2016 Aaa AAA XS0583056691 10000 105,26 3,44 MXN MEX BONOS DESARR FIX RT 7,250 15/12/2016 Baa1 A- MX0MGO0000C0 100 108,17 4,40 MXN MEX BONOS DESARR FIX RT 8,000 7/12/2023 Baa1 A- MX0MGO000003 100 112,94 6,26 MXN MEX BONOS DESARR FIX RT 10,000 5/12/2024 Baa1 A- MX0MGO000078 100 130,14 6,22 COP REPUBLIC OF COLOMBIA 12,000 22/10/2015 Baa3 BBB XS0213272122 5000000 113,35 4,51 PEN REPUBLIC OF PERU 6,950 12/8/2031 Baa2 - US715638BE14 1000 102,37 6,73 LATIN AMERICA - HARD CURRENCY USD REPUBLIC OF ARGENTINA 8,750 2/6/2017 - - XS0501195480 1 87,88 13,17 USD FED REPUBLIC OF BRAZIL 8,875 14/10/2019 Baa2 BBB US105756BE97 1000 131,25 3,03 USD FED REPUBLIC OF BRAZIL 4,875 22/1/2021 Baa2 - US105756BS83 100000 106,80 3,78 USD REPUBLIC OF VENEZUELA 5,750 26/2/2016 B2 B USP97475AF73 500 84,38 14,09 USD REPUBLIC OF VENEZUELA 7,000 1/12/2018 B2 B USP97475AD26 1000 74,75 14,21 USD BOLIVARIAN REP OF VZLA 9,000 7/5/2023 B2 B USP17625AA59 100 72,00 14,54 ASIA - LOCAL CURRENCY MYR MALAYSIAN GOVERNMENT 3,835 12/8/2015 A3 - MYBMJ1000011 1000 101,47 2,95 MYR MALAYSIAN GOVERNMENT 4,240 7/2/2018 A3 A MYBMS03002H0 1000 102,35 3,63

MYR MALAYSIAN GOVERNMENT 4,160 15/7/2021 A3 - MYBMO1100019 1000 100,20 4,13 SGD SINGAPORE GOVERNMENT 3,125 1/9/2022 Aaa - SG7J28931946 1000 107,45 2,19 ASIA - HARD CURRENCY USD REPUBLIC OF INDONESIA 5,875 13/3/2020 Baa3 BB+ USY20721AQ27 100000 108,33 4,35 USD REPUBLIC OF PHILIPPINES 6,500 20/1/2020 Baa3 BBB- US718286BF38 100000 118,25 3,20 Corporate Bonds: BASIC MATERIALS EUR STORA ENSO OYJ 5,125 23/6/2014 Ba2 BB XS0194948617 1000 102,67 0,42 EUR SOLVAY S.A. 5,000 12/6/2015 Baa1 BBB+ BE0002169358 1000 106,61 0,67 EUR LINDE FINANCE BV 6,750 8/12/2015 A3 A XS0403540189 1000 112,48 0,55 EUR THYSSENKRUPP FIN NEDER 8,500 25/2/2016 Ba1 BB DE000A0T61L9 1000 113,48 2,27 EUR THYSSENKRUPP AG 4,000 27/8/2018 Ba1 BB DE000A1R08U3 1000 105,08 2,84 EUR MONDI FINANCE LTD 5,750 3/4/2017 Baa3 BBB- XS0499542396 50000 113,12 1,68 EUR ARCELORMITTAL 5,875 17/11/2017 Ba1 BB+ XS0559641146 50000 111,62 2,75 EUR VOESTALPINE AG 4,750 5/2/2018 - - AT0000A0MS58 1000 108,04 2,69 USD BHP BILLITON FIN USA LTD 1,875 21/11/2016 A1 A+ US055451AK46 2000 102,43 1,05 EUR ANGLO AMERICAN CAPITAL 2,500 18/9/2018 Baa2 BBB XS0830380639 100000 101,58 2,15 USD TECK RESOURCES LIMITED 2,500 1/2/2018 Baa2 BBB US878742AX37 2000 100,85 2,29 USD GLENCORE FUNDING LLC 2,500 15/1/2019 Baa2 BBB XS0938722401 2000 97,00 3,14 EUR COMPAGNIE DE ST GOBAIN 3,625 15/6/2021 Baa2 BBB XS0791007734 100000 106,11 2,72 USD CLIFFS NATURAL RESOURCES 4,875 1/4/2021 Baa3 BBB- US18683KAD37 2000 97,89 5,22 USD BHP BILLITON FIN USA LTD 2,875 24/2/2022 A1 A+ US055451AQ16 2000 95,78 3,47 COMMUNICATIONS EUR ORANGE SA 5,250 22/5/2014 A3 BBB+ XS0365092872 50000 102,36 0,35 EUR DEUTSCHE TELEKOM INT FIN 4,375 2/6/2014 Baa1 BBB+ XS0431772572 1000 102,03 0,40 EUR BRITISH TELECOM PLC 5,250 23/6/2014 Baa2 BBB XS0306773234 50000 102,75 0,40 EUR VODAFONE GROUP PLC 5,125 10/4/2015 A3 A- XS0166667344 1000 106,33 0,47 EUR BRITISH TELECOM PLC 6,500 7/7/2015 Baa2 BBB XS0372358902 50000 109,36 0,63 EUR PORTUGAL TELECOM INT FIN 5,875 17/4/2018 Ba2 /*+ BB /* XS0843939918 100000 109,04 3,60 EUR NOKIA SIEMENS NETWORKS F 6,750 15/4/2018 B1 B+ /*+ XS0808632508 100000 108,74 4,53 EUR NOKIA CORP 6,750 4/2/2019 B1 B+ /* XS0411735482 50000 113,70 3,79 EUR PORTUGAL TELECOM INT FIN 5,000 4/11/2019 Ba2 /*+ BB /* XS0462994343 50000 104,01 4,22 EUR PORTUGAL TELECOM INT FIN 4,625 8/5/2020 Ba2 /*+ BB /* XS0927581842 100000 101,37 4,37 EUR TELECOM ITALIA SPA 4,875 25/9/2020 Ba1 BB+ XS0974375130 100000 99,97 4,88 USD T-MOBILE USA INC 6,633 28/4/2021 Ba3 BB US87264AAD72 2000 106,08 5,62 EUR VODAFONE GROUP PLC 5,375 6/6/2022 A3 A- XS0304458051 50000 123,79 2,27 USD MOTOROLA SOLUTIONS INC 3,750 15/5/2022 Baa2 BBB US620076BB42 2000 95,49 4,39

EUR DEUTSCHE TELEKOM INT FIN 4,500 28/10/2030 Baa1 BBB+ XS0553728709 1000 111,00 3,62 EUR TELEFONICA EMISIONES SAU 3,987 23/1/2023 Baa2 BBB XS0874864860 100000 102,15 3,70 EUR TELECOM ITALIA FIN SA 7,750 24/1/2033 Ba1 BB+ XS0161100515 1000 109,17 6,87 USD WALT DISNEY COMPANY/THE 7,000 1/3/2032 A2 A US25468PBW59 1000 126,65 4,79 CONSUMER, Non-cyclical EUR HEINEKEN NV 7,125 7/4/2014 - - XS0421464719 1000 102,43 0,33 EUR DELHAIZE GROUP 5,625 27/6/2014 Baa3 BBB- BE0933025794 50000 102,86 0,67 EUR IMPERIAL TOBACCO FINANCE 7,250 15/9/2014 Baa3 BBB XS0387846925 50000 105,24 0,66 EUR RENAULT S.A. 6,00 13/10/2014 Ba1 BB+ FR0010809236 1000,00 104,18 1,17 EUR UNILEVER NV 3,375 29/9/2015 A1 A+ XS0230663196 1000 105,40 0,42 EUR FIAT FINANCE & TRADE 6,875 13/2/2015 B1 BB- XS0465889912 50000 105,23 2,44 EUR WPP PLC 6,625 12/5/2016 Baa2 BBB XS0362329517 50000 113,88 0,88 EUR COCA-COLA HBC FINANCE BV 4,250 16/11/2016 Baa1 BBB XS0466300257 50000 108,77 1,22 EUR CARREFOUR SA 1,875 19/12/2017 NR BBB XS0866278921 100000 101,94 1,38 EUR COCA-COLA ENTERPRISES 2,000 5/12/2019 A3 BBB XS0810720515 100000 100,29 1,95 EUR PEUGEOT SA 6,875 30/3/2016 B1 BB- FR0011124544 1000 108,92 2,86 EUR BAT HOLDINGS BV 4,000 7/7/2020 A3 A- XS0522407351 50000 112,42 1,98 EUR PHILIP MORRIS INTL INC 2,750 19/3/2025 A2 A XS0906815591 100000 98,39 2,92 EUR GLAXOSMITHKLINE CAPITAL 4,000 16/6/2025 A1 A+ XS0222383027 1000 111,18 2,85 EUR TESCO PLC 5,125 10/4/2047 Baa1 BBB+ XS0295018070 50000 109,91 4,54 USD KELLOGG CO 1,875 17/11/2016 Baa1 /*- BBB+ US487836BF43 2000 102,27 1,10 USD PHILIP MORRIS INTL INC 2,500 16/5/2016 A2 A US718172AJ81 2000 104,26 0,76 USD NESTLE HOLDINGS INC 1,375 21/6/2017 Aa2 - XS0795390318 2000 99,11 1,63 USD MARKS & SPENCER PLC 6,250 1/12/2017 Baa3 BBB- USG5825LAB48 100000 113,50 2,68 USD PHILIP MORRIS INTL INC 5,650 16/5/2018 A2 A US718172AA72 2000 116,26 1,84 USD PEPSICO INC 5,000 1/6/2018 A1 A- US713448BH08 2000 113,72 1,82 ENERGY EUR OMV AG 6,250 7/4/2014 A3 - XS0422624980 1000 102,12 0,33 EUR REPSOL INTL FINANCE 4,750 16/2/2017 Baa3 BBB- XS0287409212 50000 109,68 1,64 EUR ENEL FINANCE INTL NV 3,625 17/4/2018 Baa2 BBB XS0842659343 100000 106,56 2,04 EUR GAZPROM (GAZ CAPITAL SA) 3,700 25/7/2018 Baa1 BBB XS0954912514 100000 102,96 3,01 EUR BG ENERGY CAPITAL PLC 3,625 16/7/2019 A2 A- XS0526811384 50000 110,07 1,73 EUR ENERGA FINANCE AB 3,250 19/3/2020 Baa1 #N/A N/A XS0906117980 100000 102,94 2,73 EUR OMV AG 4,375 10/2/2020 A3 - XS0485316102 1000 114,61 1,86 USD BP CAPITAL MARKETS PLC 3,875 10/3/2015 A2 A US05565QBH02 1000 104,41 0,43 USD PETROBRAS INTL FIN CO 8,375 10/12/2018 Baa1 BBB US71645WAH43 1000 118,95 4,16 USD PETRONAS CAPITAL LTD 7,875 22/5/2022 A1 A- USY68856AB20 100000 127,31 4,04 FINANCIALS EUR BARCLAYS BANK PLC 5,250 27/5/2014 A2 A XS0430452457 50000 102,45 0,30 EUR BNP PARIBAS 2,875 13/7/2015 A2 A+ XS0525490198 1000 103,58 0,65 EUR UNICREDIT SPA 3,950 1/2/2016 Ba2 BB+ XS0241369577 50000 101,65 3,15 EUR DEUTSCHE BANK AG 5,125 31/8/2017 A2 A DE000DB5S5U8 50000 114,34 1,20 EUR MORGAN STANLEY 3,750 21/9/2017 Baa2 A- XS0832446230 1000 107,60 1,68

EUR CREDIT AGRICOLE LONDON 1,875 18/10/2017 A2 A XS0844529049 100000 102,03 1,34 EUR HSBC HOLDINGS PLC 6,250 19/3/2018 A3 A- XS0353643744 50000 116,99 2,08 EUR SOCIETE GENERALE 6,125 20/8/2018 Baa3 BBB+ XS0383634762 50000 117,64 2,16 EUR UNICREDIT SPA 4,375 29/1/2020 Baa2 BBB XS0207065110 10000 108,59 2,84 EUR HSBC BANK PLC 4,000 15/1/2021 Aa3 AA- XS0526606537 50000 113,33 1,98 USD US BANCORP 4,200 15/5/2014 A1 A+ US91159HGR57 1000 101,77 0,40 USD AMERICAN EXPRESS CO 7,250 20/5/2014 A3 BBB+ US025816BA65 2000 103,32 0,33 USD JPMORGAN CHASE & CO 4,650 1/6/2014 A3 A US46625HHN35 2000 102,12 0,50 USD GOLDMAN SACHS GROUP INC 0,848 29/9/2014 Baa1 A- US38143UAV35 2000 100,09 0,74 USD MORGAN STANLEY 3,450 2/11/2015 Baa2 A- US61747YCT01 100000 104,44 1,12 USD HSBC USA INC 2,375 13/2/2015 A2 A+ US40428HPG10 100000 102,24 0,52 USD ROYAL BANK OF CANADA 1,150 13/3/2015 Aa3 AA- US78008T2C70 1000 100,95 0,41 USD GOLDMAN SACHS GROUP INC 0,641 22/7/2015 Baa1 A- US38141EKF50 2000 99,00 1,24 USD CREDIT SUISSE USA INC 5,375 2/3/2016 A1 A US225434AG43 2000 110,02 0,89 USD GOLDMAN SACHS GROUP INC 5,750 1/10/2016 Baa1 A- US38141GER11 2000 112,33 1,32 USD WELLS FARGO & COMPANY 2,625 15/12/2016 A2 A+ US94974BEZ94 1000 104,85 1,01 USD BEAR STEARNS COS LLC 7,250 1/2/2018 A3 A US073902RU43 1000 120,68 2,06 USD JPMORGAN CHASE & CO 4,250 15/10/2020 A3 A US46625HHU77 2000 107,21 3,08 USD GOLDMAN SACHS GROUP INC 5,250 27/7/2021 Baa1 A- US38141GGQ10 2000 109,74 3,77 USD BERKSHIRE HATHAWAY FIN 3,000 15/5/2022 Aa2 AA US084664BT72 2000 96,97 3,41 USD WELLS FARGO & COMPANY 3,500 8/3/2022 A2 A+ US94974BFC90 1000 100,51 3,43 USD HSBC HOLDINGS PLC 4,000 30/3/2022 Aa3 A+ US404280AN99 2000 102,31 3,67 USD RABOBANK NEDERLAND 3,950 9/11/2022 A2 A US21685WDF14 250000 96,49 4,43 USD AXA SA 8,600 15/12/2030 A3 BBB US054536AA57 1000 122,75 6,39 USD JPMORGAN CHASE & CO 6,400 15/5/2038 A3 A US46625HHF01 1000 118,48 5,07 USD GOLDMAN SACHS GROUP INC 6,000 15/3/2041 Baa1 A- US38141EZ288 1000 105,80 5,59 INDUSTRIALS EUR SANDVIK AB 6,875 25/2/2014 - BBB+ XS0414582246 50000 101,59 0,42 EUR CEMEX FINANCE EUROPE BV 4,750 5/3/2014 - B+ XS0289333048 50000 100,88 1,41 EUR SIEMENS FINANCIERINGSMAT 5,375 11/6/2014 Aa3 A+ XS0369462022 1000 102,72 0,29 EUR HEIDELBERGCEMENT FIN LUX 6,750 15/12/2015 Ba2 NR XS0520759803 1000 110,29 1,62 EUR DEUTSCHE BAHN FINANCE BV 3,625 16/10/2017 Aa1 AA XS0457145430 1000 110,18 0,94 EUR LAFARGE SA 5,375 26/6/2017 Ba1 BB+ XS0307005545 50000 110,48 2,29 EUR BMW FINANCE NV 1,500 5/6/2018 A2 A XS0860596575 1000 101,34 1,19 EUR LAFARGE SA 6,750 16/12/2019 Ba1 BB+ XS0473114543 50000 114,47 4,01 EUR LAFARGE SA 4,750 30/9/2020 Ba1 BB+ XS0975113498 100000 104,62 3,96 USD GENERAL ELECTRIC CO 5,250 6/12/2017 Aa3 AA+ US369604BC61 1000 113,92 1,66 USD ALCOA INC 6,150 15/8/2020 Ba1 BBB- US013817AU59 2000 106,70 4,96 USD PSA INTERNATIONAL PTE LT 3,875 11/2/2021 Aa1 AA XS0531622404 100000 104,27 3,21 TECHNOLOGY USD MICROSOFT CORP 2,950 1/6/2014 Aaa AAA US594918AB00 2000 101,40 0,21 USD MICROSOFT CORP 2,500 8/2/2016 Aaa AAA US594918AK09 2000 104,49 0,44 USD SAMSUNG ELECTRON AMERICA 1,750 10/4/2017 A1 A+ US79604YAB56 200000 100,75 1,52

USD IBM CORP 8,375 1/11/2019 Aa3 AA- US459200AG65 1000 133,44 2,31 USD HEWLETT-PACKARD CO 3,750 1/12/2020 Baa1 BBB+ US428236BF92 2000 98,93 3,93 UTILITIES EUR VERBUND INTL FIN GMBH 5,000 25/6/2014 Baa1 A- XS0307453026 50000 102,59 0,48 EUR EDP FINANCE BV 3,250 16/3/2015 Ba1 BB+ /*- XS0495010133 50000 101,35 2,18 EUR ANGLIAN WATER SERV FIN 6,250 27/6/2016 A3 A- XS0371990952 50000 113,95 0,77 EUR E.ON INTL FINANCE BV 6,375 29/5/2017 A3 A- XS0148579153 1000 118,20 1,05 EUR RWE FINANCE BV 5,125 23/7/2018 Baa1 BBB+ XS0172851650 1000 116,18 1,50 EUR ORIGIN ENERGY FINANCE 2,875 11/10/2019 Baa2 BBB XS0841018004 100000 102,50 2,41 EUR VERBUND INTL FIN GMBH 4,750 16/7/2019 Baa1 A- XS0439828269 50000 114,99 1,92 EUR EDP FINANCE BV 4,875 14/9/2020 Ba1 BB+ /*- XS0970695572 100000 104,38 4,12 EUR UNITED UTILIT WATER PLC 4,250 24/1/2020 A3 BBB+ XS0210237011 50000 112,59 2,05 EUR VATTENFALL AB 5,375 29/4/2024 A3 A- XS0191154961 1000 123,80 2,72 USD CENTRAL MAINE POWER CO 5,300 15/1/2016 Baa1 /*+ BBB+ US15405EAF51 1000 106,82 2,02 USD UGI UTILITIES INC 7,250 1/11/2017 A3 /*+ NR US90269QAE98 100000 118,71 2,25 USD BOSTON GAS COMPANY 8,330 10/7/2018 A3 A- US10075EAJ73 100000 122,87 2,99 USD CENTRAL HUDSON GAS & ELE 5,050 4/11/2019 A3 /*+ A US15361GAL95 1000 110,92 3,03 EUR DONG ENERGY A/S 2,625 19/9/2022 Baa1 BBB+ XS0829114999 100000 99,63 2,67 USD SEMPRA ENERGY 2,875 1/10/2022 Baa1 BBB+ US816851AT63 2000 91,34 4,05 GREEK CORPORATES EUR OTE PLC 7,250 8/4/2014 Caa1 B+ XS0615771143 100000 102,03 1,53 EUR OTE PLC 7,250 12/2/2015 Caa1 B+ XS0346402463 50000 105,03 2,95 EUR OTE PLC 4,625 20/5/2016 Caa1 B+ XS0275776283 50000 101,88 3,81 EUR OTE PLC 7,875 7/2/2018 Caa1 B+ XS0885718782 100000 110,95 4,95 EUR TITAN GLOBAL FINANCE PLC 8,750 19/1/2017 - BB- XS0862274445 100000 110,70 5,02 EUR COCA-COLA HBC FINANCE BV 4,250 16/11/2016 Baa1 BBB XS0466300257 50000 108,77 1,22 EUR COCA-COLA HBC FINANCE BV 2,375 18/6/2020 Baa1 BBB XS0944362812 100000 100,47 2,30 EUR HELLENIC PETROLEUM FINAN 8,000 10/5/2017 - - XS0926848572 100000 105,59 6,18 EUR FRIGOGLASS FINANCE BV 8,250 15/5/2018 B1 BB- XS0932291007 100000 108,26 6,11 EUR SB MINERALS FINANCE/SB I 9,250 15/8/2020 (P)B3 B+ XS0956152366 100000 107,81 7,73 EUR INTRALOT FINANCE LUXEMBU 9,750 15/8/2018 B1 B+ XS0947176631 100000 106,84 7,98 CONVERTIBLE BONDS EUR ABENGOA SA 6,250 17/1/2019 #N/A N/A #N/A N/A XS0875275819 100000 94,29 7,61 EUR SGL CARBON SE 2,750 25/1/2018 #N/A N/A BB- DE000A1ML4A7 100000 101,53 2,36 EUR PORTUGAL TELECOM INT FIN 4,125 28/8/2014 Ba2 /*+ BB /* XS0309600848 50000 102,17 1,21 EUR BES FINANCE LTD 3,000 19/5/2015 #N/A N/A BB- /*- XS0505141290 50000 99,64 3,25

Disclaimer: The views and recommendations for all securities referred to the morning briefing have various levels of risk depending on the asset class, company, industry and market events. Furthermore the performance of these securities is affected by various factors such as interest rates, inflation, market volatility, currency movements or other events. Investors should be informed that the strategies discussed or recommended in these reports may not be realized. Under no circumstances Pegasus Securities SA suggests any buying or selling through this document. Serious notice should be placed on the date the report is produced. The aforementioned securities may include investments through derivatives products which bear high risk. Not all investments are appropriate to all type of investors. Thus, investors should be aware of their investment horizon, level of risk tolerance, economic situation and their general investments experience. Pegasus Securities SE and its employees offer no guarantee about the performance of the securities mentioned in this report. Pegasus Securities SA is regulated by the Hellenic Capital Markets Commission (www.hcmc.gr) Απαλλακτική ρήτρα : Το παρόν ενημερωτικό σημείωμα συνιστά διαφημιστική ανακοίνωση ενημερωτικού περιεχομένου και δεν αποτελεί σε καμία περίπτωση επενδυτική συμβουλή, ούτε υποκίνηση ή προσφορά για συμμετοχή σε οποιαδήποτε συναλλαγή. Καμία πληροφορία που εμπεριέχεται σε αυτό, δε θα πρέπει να εκληφθεί, σε καμία περίπτωση, ως προτεινόμενη ως κατάλληλη επένδυση για τον παραλήπτη, ούτε μέσο επίτευξης των συγκεκριμένων επενδυτικών στόχων ή κάλυψης οποιωνδήποτε άλλων αναγκών του παραλήπτη, ούτε υποκατάστατο τυχόν συμβατικών κειμένων που αφορούν τις περιγραφόμενες σε αυτό συναλλαγές. Για τους λόγους αυτούς, κάθε επενδυτής θα πρέπει να προβεί στη δική του αξιολόγηση οποιασδήποτε πληροφορίας παρέχεται στην παρούσα επικοινωνία και δε θα πρέπει να βασίζεται σε οποιαδήποτε τέτοια πληροφορία, ως εάν αυτή να αποτελούσε επενδυτική συμβουλή. Το παρόν δεν συνιστά, επίσης, έρευνα στον τομέα των επενδύσεων και, συνεπώς, δεν καταρτίστηκε από την Εταιρεία σύμφωνα με τις απαιτήσεις του νόμου που αποσκοπούν στη διασφάλιση της ανεξαρτησίας της έρευνας στον τομέα των επενδύσεων. Οι πληροφορίες που διατίθενται στο παρόν βασίζονται σε πληροφορίες που διατίθενται στο κοινό και θεωρούνται αξιόπιστες. Η Εταιρεία δεν φέρει καμία ευθύνη ως προς την ακρίβεια ή πληρότητα των πληροφοριών αυτών. Οι απόψεις και εκτιμήσεις που εκτίθενται στο παρόν αφορούν την τάση της εγχώριας και των διεθνών χρηματοοικονομικών αγορών κατά την αναγραφόμενη ημερομηνία και υπόκεινται σε αλλαγές χωρίς ειδοποίηση.οι επενδύσεις που αναφέρονται στο παρόν ενδέχεται να μην είναι κατάλληλες για όλους τους επενδυτές. Οι επενδυτές πρέπει να λαμβάνουν τις αποφάσεις τους με βάση τις προσωπικές επενδυτικές τους ανάγκες και ανοχές στον επενδυτικό κίνδυνο, την οικονομική τους κατάσταση και την επενδυτική τους εμπειρία. Η Πήγασος Χρηματιστηριακή Α.Ε.Π.Ε.Υ. και το προσωπικό της ουδεμία εγγύηση παρέχουν και ουδεμία ευθύνη αναλαμβάνουν σχετικά με την απόδοση των προϊόντων που αναφέρονται στο παρόν. Η Πήγασος Χρηματιστηριακή Α.Ε.Π.Ε.Υ υπόκειται στον έλεγχο της Επιτροπής Κεφαλαιαγοράς. (www.hcmc.gr) ΠΗΓΑΣΟΣ ΧΡΗMAΤΙΣΤΗΡΙΑΚΗ Α.Ε.Π.Ε.Υ. 2013